Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1887-01-15
News by Telegraph
FROM ALL QUARTERS.
TRADE FOR THE WEEK.
A Pretty Good Showing All
Around.
MRS. EMMONS ON The STAND.
The Commerce Bill Passes
The Senate.
CULVERIUS ON THE GALLONS.
Bismarck Defeated In The
Reichstag.
THE WEEKLY EVIEW OF TRADE
A Healthy state of Business Reported

| THE WEEKLY REVIEW OF TRADE
A Healthy state of Business Reported
| From the Various Centers.
New YORK, Jan. 14.-R. Il. Dun & Co. g
weekly review of trade says: The peculiar
scarcity of fresh and striking events during
the past week is not bad sign. "Happy
| the people whose annals are tiresome." Pro-
duction and distribution have gone on SO
quietly that the enormous magnitude of trade
altogether appreciated. Bank exchanges
throughout the country and traffic returns
bear testimony as to distribution, while ag
ricultural and manufacturing statistics show
| that production has hardly ever been greater.
West bound rail shipments in December were
never equalled except in 1881. The final
crop report of the agricultural bureau, show
ing a yield last year of 457, zoo, 600 bushels
of wheat, !, 665, ZOO, 900 bushels of corn and
624, 900, 900 bushels of oats, states that the
farmers, while getting more for their corn
and oats than in 1885, averaged only 6S.7
cents for wheat against II 1 in 1885, but the
low price was due to the enormous surplus
caused by speculative control of the mar
kets. Iron production, by many deemed the
best barometer, was 124, $50 tons weekly jan
uary against 121 1861 December 1, having
increased 31.6 per cent. during the year. In
spite of an output exceeding 3.075 tons in
six months prices have risen until $21 is de-
manded for No anthracite and $50 is quite
low for steel rails at mills. Meanwhile Ger
man production of iron was "a per cent. less
in October, 1886 than in 1885 and for ten
months of the year ~ 1-2 per cent. less
Coke production is increasing and one thou
sand new ovens are to be added to the Mount
Pleasant district. Pennsylvania. The Mo-
nongahela and Kanawha miners will pre-
sent united demands to-day. Almost a
famine is caused in the anthracite supply at
some eastern points by the strike of handlers,
but the companies will get the public used to
higher prices and may profit thereby in the
end. The Jersey Central, however, has now
obtained the protection of United States
courts. The grain markets have changed
character. Europe bought heavily for some
months, virtually controlling the market in
spite of spectators. Since New Years for
eigners are selling in the belief that prices
will go lower and last Tuesday Chicago help
ed to bring down the price cent, but subse
quent recovery prompts the suspicion that
large spectators are buying and the markets
are now in speculative hands. Corn and oats
cotton a sixteenth lower; pork twenty FIVE
cents lower and lard an eighth lower than a
week ago. The cattle market is also depress
ed and British prices of American beef are
lower. Coffee floats upward easily at pres
emit having gained three eighths for the
week, but the spectators have work
ahead when supplies come forward largely.
Silver advanced nearly half penny in Lon
don. The dry goods market is steady as to
prices and fairly active for the season, though
waiting policy prevails as to woolens.
Money is abundant and cheap, heavy dis
bursements of corporate and firm profits be-
ing slowly absorbed by investment. Foreign
exchange has risen toward the point at which
gold may be exported; bankers begin to re-
mark that part of the amount recently i'm
ported could well be spared. Foreign sales
of securities here appear to have balanced &C
counts for the moment, but the scale does
not yet turn so far that gold goes out Ex-
ports continue large, though of wheat small.
er of late. In December the value of bread
stuffs exported was $13,000,00O against
10000 600 in 1885. The treasury
took in nearly two millions gold,
half million silver and much of legal
tenders during the past week. But the re-
ceipts of silver at the custom house here have
risen above twenty per cent. of all receipts.
The business failures occurring throughout
the country during the last seven days as re
ported to R. G. Dun & Co. by telegraph
number 1914 and for Canada 49, or total of
1928 failures compared with total of 239
last week and 273 the week previous to the
last. This is the largest number of failures
reported in any week since January, 1886,
but not larger than is expected at this sea-
son. In the corresponding week last year
ending January 10, 1856, there were 33S
failures reported. The southern States fur
nish quota of 1O7 failures this week, which
is about double the average expected from
hat